Inflation is currently at its highest level in 40 years, driving up the prices of just about everything. While cutting corners and budgeting carefully can help, for some Americans it might not be enough.
If you’re in this boat – or just want to reduce your financial stress, you might want to consider creating a second,. Luckily, the internet makes this easier than you might think. There are dozens of ways to make money online without any special training.
Are you looking to create a passive income stream? Here are seven ways to earn extra money.
1. Start a blog
Blogs aren’t just for fun these days. They can be very profitable when done right. The key is to choose your niche, grow your audience, and then monetize the blog. You can do this through affiliate marketing, which earns you a commission when someone clicks on a monetized link or buys a product promoted on your blog. You can also try selling and displaying ads on your site. You can use a tool like google adsense to start with the latter.
2. Take Online Surveys
Giving feedback and participating in market research can also be an easy way to make money online. Some of the most popular survey sites include Survey Addict, Swag Bucks, OneOpinion, Opinion Outpost and Ipsos iSay. Keep in mind: these will not yield huge payouts. Swag Bucks said its members earn around $1 to $5 a day. That’s why it’s important to do your research before you start or commit to online surveys.
3. Start an online store
If you’re the creative type, you can start an Etsy shop. Etsy sellers offer everything from jewelry and clothing to artwork, invitations, yard signs and more. If that’s not your style, you can start a dropshipping store. With this strategy, you are essentially operating a storefront. When a customer places an order, you order that product from a third party (usually a manufacturer, supplier, or wholesaler) and ship it directly to the customer. Shopify has a whole dropshipping walkthrough you can use to get started (and you can also use their platform to build your store).
4. Sign up for a gig work platform
There are several platforms designed for online gig work. For instance, Mechanical Turkish from Amazon is a place where you can perform small tasks for companies around the world. They may include content moderation, survey participation, or audio transcription. click worker is another similar platform, or if you have a specific skill – like writing, editing, or graphic design – you can use independent platforms like Fiverr, Freelancer.com and Upwork to contact potential customers.
5. Start a YouTube channel
YouTube creators can make a lot of money – and it doesn’t have to take a lot of expertise. You can create how-to or explainer videos on virtually any topic or get more personal and get yourself into the videos. You can interview subject matter experts, provide tips and tricks, or even just show yourself playing various video, mobile, or board games.
The important thing is to find a niche and build up a clientele. You can then integrate Google Ads, become a YouTube Partnerand even earn money from memberships, live chats and subscriptions.
6. Become a transcriptionist
If you are a fast type, you might consider doing an online transcription for cash. You will simply need to listen to audio files and then type what you hear. You get paid per piece, so the faster you can type, the better – at least, financially speaking. Rev.com, GoTranscript and transcribeme are just a few of the sites where you can find online transcription jobs.
7. Test websites and apps
Want to be the tech-savvy type? If so, you can get paid to test new websites and mobile apps and track down issues. To UserTesting.com, for example, you can test new sites and products from brands like GoDaddy, Hello Fresh, HP, Subway, and Canva. All you need is a reliable Wi-Fi connection, a microphone, a computer or a mobile device and you can get to work. BetaTesting.com, User Zoom and Userlytics are other similar platforms.
More ways to make money fast
If none of the above suits you, you can also become a virtual assistant, sell your photos on stock photography websites, or become a social media influencer if you can attract enough followers. There is a side concert for everyone. You just need to find your perfect fit.